Which of the Following Statements Regarding the Reorder Point Is

question 56

Multiple Choice

Which of the following statements regarding the reorder point is true?

• A) The reorder point is that quantity that triggers an action to restock an item.
• B) There is a reorder point even if lead time and demand during lead time are constant.
• C) The reorder point is larger than d x L if safety stock is present.
• D) The fixed-period model has no reorder point.
• E) All of the above are true.

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Definitions:

Postindustrial Economies

Economies that have transitioned from manufacturing and industry-based sectors to service-oriented and knowledge-based sectors, emphasizing information and services over production.

Fordism

An industrial production model characterized by mass production, standardized products, and assembly line techniques, pioneered by Henry Ford.

Taylorism

A management theory focused on improving economic efficiency and labor productivity through systematic time-and-motion studies and the division of labor.

Involuntary Part-time Worker

An individual who is employed less than full-time hours but prefers a full-time position, often due to economic conditions or employer decisions beyond their control.